Weybosset Research & Management LLC Purchases 1,544 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Weybosset Research & Management LLC grew its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,933 shares of the transportation company’s stock after acquiring an additional 1,544 shares during the quarter. Expeditors International of Washington accounts for 1.6% of Weybosset Research & Management LLC’s holdings, making the stock its 21st biggest position. Weybosset Research & Management LLC’s holdings in Expeditors International of Washington were worth $4,645,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its stake in Expeditors International of Washington by 6.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company’s stock valued at $109,536,000 after acquiring an additional 51,265 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Expeditors International of Washington in the 3rd quarter valued at about $4,363,000. Franklin Resources Inc. grew its holdings in Expeditors International of Washington by 18.9% during the third quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company’s stock worth $23,623,000 after purchasing an additional 30,785 shares during the period. Pensionfund Sabic acquired a new position in Expeditors International of Washington during the fourth quarter worth approximately $1,329,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Expeditors International of Washington by 58.8% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 27,561 shares of the transportation company’s stock valued at $3,439,000 after buying an additional 10,202 shares during the period. 94.02% of the stock is owned by institutional investors.

Insider Activity

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total value of $363,330.00. Following the completion of the transaction, the director now owns 9,662 shares of the company’s stock, valued at $1,170,164.82. This represents a 23.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.69% of the stock is currently owned by corporate insiders.

Expeditors International of Washington Price Performance

EXPD traded down $2.95 on Friday, hitting $109.94. 547,621 shares of the stock were exchanged, compared to its average volume of 847,786. The firm has a market capitalization of $15.39 billion, a price-to-earnings ratio of 21.43, a PEG ratio of 3.36 and a beta of 0.99. Expeditors International of Washington, Inc. has a 12 month low of $109.43 and a 12 month high of $131.59. The business has a 50-day moving average of $117.20 and a two-hundred day moving average of $120.58.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.30. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.47 billion. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The firm’s quarterly revenue was up 37.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.16 EPS. Equities research analysts expect that Expeditors International of Washington, Inc. will post 5.43 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The business also recently announced a semi-annual dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a $0.73 dividend. The ex-dividend date was Monday, December 2nd. This represents a dividend yield of 1.2%. Expeditors International of Washington’s dividend payout ratio (DPR) is currently 28.46%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EXPD. Wolfe Research lowered Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Barclays upped their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Finally, TD Cowen raised their target price on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research note on Wednesday, November 6th. Four equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $118.44.

Expeditors International of Washington Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.